What is Trump’s big deal with China?
Beware the Ides of March. President Trump has indicated that he will defer his promised hike in tariffs on Chinese products to 25 percent until March 1. Stocks promptly went up. ‘If all goes well,’ Trump said on Sunday, ‘we’re going to have some very big news over the next week or two.’ What’s the big deal? Trump, who fashions himself a wheeler-dealer par excellence, is claiming that he, and he alone, can reach the great compact with Beijing that will put an end to its predatory trading practices. China, which continues to smart over the humiliations inflicted upon it by the western powers, including America, during the nineteenth century, has essentially flipped the script, at least if you listen to the hawks around Trump and in the media.